Skipton Guernsey moves into mortgage market

Skipton Guernsey Limited, Skipton Building Society&#39s international banking subsidiary, has entered the mortgage market in Guernsey.

In addition, the company has established itself as an independent operation, having previously been administered, since its launch in 1995, by Royal Bank of Canada (Channel Islands).

For the past seven years, Skipton Guernsey has provided a range of accounts for both UK resident and non-resident customers wishing to take advantage of investing offshore. Having recently acquired a mortgage book, Skipton Guernsey has a significant presence in the Guernsey mortgage market and has now begun new lending to Guernsey homebuyers.

In the process, Skipton Guernsey has also moved into new premises in St Peter Port, where the team will comprise 11 members of staff headed by their managing director, Andrew Lindsay, along with Ken Jones, manager for banking, and Nigel Pascoe, manager for lending.

Andrew Lindsay says: “This is an exciting time for all of us, following seven years operating as an administered bank. From our new premises we will now be able to provide mortgages to the people of Guernsey, as well as continuing to offer a range of investment products to customers around the world. We look forward to offering the highest possible levels of service to new and existing customers for many years to come.”